a delegation of Turkish businessmen to discuss means of boosting bilateral trade and investment, particularly in the industrial sector. Joint investment projects between Egypt and Turkey under the new investment amount to only LE83 million. Ghamrawi said that Turkish businessmen have contributed over LE25 million to these projects. Meanwhile, Egyptian Ambassador to Turkey Fathi El-Shazli announced that Ehypt and Turkey would soon conclude negotiations for a joint free trade zone.

The Islamic Development Bank (IDB) announced that it had earmarked US$41 million for Egypt as part of its financing to member countries. IDB will offer US$151 million in financing to four member countries, including Egypt, Syria, Pakistan and Algeria. The money will be used to fund power projects.